Yes Bank Ltd. Sees 17.3% Surge in Open Interest Amid Declining Stock Performance

Yes Bank Ltd. has experienced a significant increase in open interest today, reflecting notable activity in its trading. The latest open interest stands at 63,874 contracts, marking a rise of 9,419 contracts or 17.3% from the previous open interest of 54,455. The trading volume for the day reached 29,991, contributing to a total futures value of approximately Rs 144.88 lakhs and an options value of around Rs 7,102.72 crores, culminating in a total value of Rs 146,607.49 lakhs.
In terms of price performance, Yes Bank has underperformed its sector by 1.31%, with a 1D return of -1.81%. The stock has been on a downward trend, experiencing a consecutive fall over the last three days, resulting in a total decline of 2.24% during this period. While the stock is currently trading above its 50-day, 100-day, and 200-day moving averages, it remains below its 5-day and 20-day moving averages.

Additionally, the delivery volume has seen a decline of 34.54% compared to the 5-day average, indicating a decrease in investor participation. Despite these challenges, the stock maintains sufficient liquidity for trades sized at Rs 2.56 crores, given that it represents 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Yes Bank, amidst a backdrop of declining price performance.